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Looking at the failure cases of root NFT investments, it's really serious... Co-founder of Multicoin Capital invested over $10 million in Loot, but suffered a 95% loss, wow.
Launched in August 2021, Loot was initially a project that generated quite a bit of anticipation. By early September, the floor price reached 9 ETH (about $35,000), but now it's dropped to 1.1 ETH (about $3,100). In his Twitter post, he said, "Being prepared to lose 100% of your capital due to risk is key to long-term success," but... words are easy, reality is truly harsh.
Looking at NFT projects like Loot, the gap between initial expectations and reality seems really large. If investors of this scale are losing this much, I wonder how ordinary investors are doing.